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Google CEO Sundar Pichai Becomes Focus of Regulators as Founders Step Down

Reuters reports that this week, Google co-founders Larry Page and Sergey Brin stepped down from their roles as the CEO and President of Googles parent company, Alphabet.

Google received criticism in recent years after Page failed to appear at a Senate hearing in Washington, the departure of Alphabets Executive Chairman Eric Schmidt also damaged the companys relationship with D.C.

Alphabet shareholder King Lip, the chief investment strategist at Baker Avenue Asset Management in San Francisco, commented that the Alphabet was going through a transformation and facing new challenges such as regulatory scrutiny and political attacks.

With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, its the natural time to simplify our management structure.

He will be the executive responsible and accountable for leading Google, and managing Alphabets investment in our portfolio of Other Bets.

Original article
Author: Lucasnolan

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